Word: tax-exempt
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...Brandeis plan will make use of a newly-created State Student Loan Authority to secure tax-exempt bond issues for schools, thereby increasing the amount of money they can offer students in loans...
With its decision this week to issue $245 million in long-term, tax-exempt bonds, Harvard took a significant sleep toward improving its long-range ability to finance big capital projects, according to financial officials interviewed this week...
Other factors also played somewhat less of a factor in going ahead with the sale. For one thing, financial officers said, there has been some rumbling in recent years to curb the tax-exempts status of universities' bond-welling. The fear that "tax-exempt borrowing procedures would be withdrawn," sometime, was certainly weighed in the University's decision, O'Brien said But he added that Harvard "wanted to make sure that this [option] wasn't precluded...
...sold," said Financial Vice President. Thomas O'Brien. "Everything went smoothly." O'Brien and other Harvard officials have estimated that the sale of the long-term, tax-exempt bonds was the largest transaction of its kind ever undertaken by a Massachusetts educational institution...
Roosevelt says that with 63 percent of property in the district on the tax-exempt rolls, institutional expansion is a major problem...